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Meesho has become the focus of new interest because the company announced it will use ₹480 crore from its upcoming IPO funding to pay salaries of its AI and technology staff. The decision to use IPO funds for employee compensation has sparked online discussions about its implications while others view it as evidence of Meesho's dedication to developing advanced technology capabilities. The SoftBank-backed platform Meesho has scheduled its ₹5,421 crore Initial Public Offering for December 3 while using the funds to enhance its internal technology capabilities before its market entry on December 10. The public offering of Meesho consists of a fresh issue amounting to ₹4,250 crore and an Offer For Sale totaling ₹1,171 crore according to the draft papers. The company will use ₹1,390 crore to build cloud infrastructure and ₹1,020 crore for brand and marketing initiatives through its subsidiary MTPL. The company has established specific boundaries for using funds from acquisitions and strategic opportunities and general corporate activities.

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Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

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